PPP Loan information for Velo sports inc

$143,900

Velo sports inc was initially approved for PPP Loan of amount $143,900, the current approved amount is $143,900. The loan was approved on 04/07/2020 by The Virginia Partners Bank reported 23 jobs and $143,900 was used to fund payroll.

Velo sports inc is Existing or more than 2 years old

PPP Loan Search / MD / WALDORF / Velo sports inc

VELO SPORTS INC

Date Approved

04/07/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

VELO SPORTS INC

Borrower Address

3200 LEANARDTOWN RD

Borrower City

WALDORF

Borrower State

MD

Borrower Zip

20601-3615

Loan Status Date

01/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

143900.00

Current Approval Amount

143900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

457564

Servicing Lender Name

Virginia Partners Bank

Servicing Lender Address

410 William St

Servicing Lender City

FREDERICKSBURG

Servicing Lender State

VA

Servicing Lender Zip

22401-5834

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WALDORF

Project County Name

CHARLES

Project State

MD

Project Zip

20601-3615

CD

MD-05

Jobs Reported

23

NAICS Code

451110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

143900.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

457564

Originating Lender

Virginia Partners Bank

Originating Lender City

FREDERICKSBURG

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

134722.00

Forgiveness Date

11/23/2020

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